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Economics

Since 1996, the Federal Communications Commission (FCC) implemented “local number portability” rules allowing cellular phone consumers to switch cellular providers within the same geographic area and maintain the same phone number. How would you expect this to change the market power of cell phone providers in specific geographic areas? Base your argument on the relationship between availability of substitutes, elasticity and market power due to implementation of “local number portability”.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91915040

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